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Foreclosure Truth #24
Foreclosure enables homeownership at affordable rates. Without an efficient way to remove those who don't pay, banks would have to pass on the costs of non-payment to other borrowers, thus raising rates for all.
Will the Groundhog See a Shadow Housing Inventory?
10/14/2009
So where’s that long-awaited deluge of bank-owned homes that is supposed to flood the U.S. housing market? This “shadow” inventory has been a hot topic in recent months (as housing analysts struggle to guess how much further house prices may fall.